Thursday, June 3, 2010

Softness in the IT Services Market: HP Cuts 9,000 Jobs

Citing weak IT services growth, HP announced this week that it is slashing 9,000 jobs from its IT services division. This is on top of the previous 25,000 cuts. The article notes that IBM is also reporting weakness in this market. The question is why? While there is no simple answer it seems that the ways companies purchase and contract for technology is changing. On the positive side, and another signal of where things are at, HP is hiring 6,000 sales people.

(submitted by Mike)

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